Credits
Make sure that you take advantage of all the tax credits that are available to you and your business. A credit reduces your tax liability dollar for dollar. Here are some that you should consider:
Credits for Individuals
- Young Child Credit
- Earned Income Credit
- Child Care Credit
- Telephone Excise Tax Credit
- Adoption Credit
- Education Credit
- Foreign Tax Credit
Credits for Businesses:
- Research & Development Credit
- Work Opportunity Tax Credit
- Tip Credit
CIRCULAR 230 DISCLAIMER: To ensure compliance with requirements imposed by the IRS, we inform you that to the extent this communication contains advice relating to a Federal tax issue, it is not intended or written to be used, and it may not be used, for (i) the purpose of avoiding any penalties that may be imposed on you or any other person or entity under the Internal Revenue Code or (ii) promoting or marketing to another party any transaction or matter addressed herein.